IN SUMMARY: Under current law, national health spending is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly $6.0 trillion by 2027. However, given the poor health of Americans, I believe this projected spending is unrealistic.Continue reading
- Our high cost of care and modest health outcomes will remain stubbornly fixed unless our behavior changes.
- Nearly 40% of Americans were considered obese in 2015 and 2016, a significant increase from 2007 and 2008.
- A 2016 study published in the Journal of the AMA found that only 2% of Americans met the ideal dietary guidelines adopted by the American Heart Association.
- In a 2015 survey, 28% of American adults that they did not participate in the past year in any of 104 listed physical activities and were considered “totally sedentary.”
- Doctors are increasingly worried about loneliness.
- Vivek Murthy, a former surgeon-general of the United States, called loneliness an epidemic, likening its impact on health to obesity or smoking 15 cigarettes per day.
- A study found that in America people always or often feel lonely.
- A study published in 2010 using this scale estimated that 35% of Americans over 45 were lonely.
IN SUMMARY: Amazon’s decision to pull out of New York is a lesson for EVERY corporation. The retail giant’s expansion in New York encountered opposition in no small part because of growing frustration with corporate America and their huge tax breaks. With the media consistently highlighting “pharma greed” people, and politicians, are going to point fingers at big pharma.Continue reading
IN SUMMARY: Pharma has the help wanted sign out but very few people are biting because working in pharma often means back-to-back meetings, matrix decision making, and regulatory people who are inflexible.Continue reading
- Pharma continues to be portrayed as the villain in pricing but there are other villains who are escaping scrutiny.
- The 5 largest conglomerates combining health insurance and pharmacy benefits are on track this year to be bigger than the 5 preeminent tech companies.
- Half of people in fair to poor health are uninsured or struggle with affordability.
- Annual family premiums for employer-sponsored health insurance rose five percent to an average $19,616 this year, extending a seven-year run of moderate increases.
- Accenture reports that Gen Z and millennials are least likely to have a primary care physician.
- Younger health consumers are not satisfied with the “status quo” of today’s healthcare.
- At the heart of their needs are shorter wait times, cost and the need for personalized attention.
- Can they really change healthcare or are they risking their health and wellbeing by not having a regular PCP?